Robinhood is not alone in seeking more trading hours than the norm, especially in a world where cryptocurrencies are traded 24 hours a day including weekends. A start-up backed by Steve Cohen, 24 Exchange, has filed a draft application with the SEC to provide 24-hour stock trading and told CNBC it expects a decision this summer.
“We’re also close to delivering a feature that our customers have been asking for: an ever larger window of available trading hours. We call this feature ‘hyper-extended hours’ and anticipate rolling it out later this quarter,” Robinhood CEO Vlad Tenev said on the company’s earnings call on Thursday.